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Corning Inc (GLW): Today's Featured Electronics Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Corning (
GLW) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.6%. By the end of trading, Corning rose $0.39 (1.9%) to $21.36 on average volume. Throughout the day, 14,343,340 shares of Corning exchanged hands as compared to its average daily volume of 12,842,500 shares. The stock ranged in a price between $20.90-$21.47 after having opened the day at $20.99 as compared to the previous trading day's close of $20.97. Other companies within the Electronics industry that increased today were:
Alliance Fiber Optic Products (
AFOP), up 12.6%,
GT Advanced Technologies (
GTAT), up 7.4%,
China Sunergy (
CSUN), up 7.0% and
Enphase Energy (
ENPH), up 6.3%.

Corning Incorporated manufactures and sells specialty glasses, ceramics, and related materials worldwide. The company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. Corning has a market cap of $29.0 billion and is part of the technology sector. Shares are up 17.7% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate Corning a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates
Corning as a
buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.